Title
Resolution - Acceptance of 2019 Financial Audit and Management Letter by Bolinger, Segars, Gilbert & Moss (BSGM) - Kacey Gast, CPA
Other Info
Submitted By: Lisa Scarborough on behalf of Financial Services
Department: Financial Services
Financial Impact and Cost/Benefit Considerations: The Audit conducted by the auditors was within budget and within the terms of the engagement letter.
Discussion
The annual financial audit has been completed by Bolinger, Segars, Gilbert & Moss, L.L.P. The Board may consider the draft audit report. The Audit Committee of the Board of Directors met on April 6, 2020 to review the Independent Auditor's Report and Financial Statements for the fiscal year ending December 31, 2019. The Audit committee approved a recommendation that the full Board of Directors receive and accept the Independent Auditor's Report and Financial Statements for the fiscal year ending December 31, 2019.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Board of Directors hereby receives, accepts and approves the draft Independent Auditor's Report and Financial Statements for the fiscal year ending December 31, 2019, in the form attached, as the Independent Auditor's Report and Financial Statements (“Financial Statements”); and
BE IT FURTHER RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Chief Financial Officer, or designee, and the Cooperative’s accountants are authorized to publish the Financial Statements as the official Financial Statements of the Cooperative for fiscal year ending December 31, 2019.